I reduced my memory holdings by half and took profits. If the remaining position keeps rebounding, I’ll exit it all.
As several favorable data releases came out, U.S. stocks as a whole have performed quite well.
But the more it rises, the more I think we should gradually reduce positions.
When it falls, don’t panic; when it rises, you also need to pay attention to risk.
I mentioned in June that, in fact, I was more bearish on the second-half outlook.
Because there will be many overlapping factors before the election,
so if it keeps rebounding, it’s time to take profits while things are good.
The next big event that will have a relatively large impact on semiconductors
is Nvidia’s earnings on 8/26. If U.S. stocks continue rebounding close to the earnings date, I will continue reducing my position.
The next important meeting is the FOMC in mid-September, and before that I should be fully in cash.
Also, I initially built a position in silver stock AG at 19, and now it has rebounded to 19.4. Gold is also close to rebounding to my previous entry price. I’m still optimistic about a rebound in gold and silver, so I will choose to continue holding. $BTC
As several favorable data releases came out, U.S. stocks as a whole have performed quite well.
But the more it rises, the more I think we should gradually reduce positions.
When it falls, don’t panic; when it rises, you also need to pay attention to risk.
I mentioned in June that, in fact, I was more bearish on the second-half outlook.
Because there will be many overlapping factors before the election,
so if it keeps rebounding, it’s time to take profits while things are good.
The next big event that will have a relatively large impact on semiconductors
is Nvidia’s earnings on 8/26. If U.S. stocks continue rebounding close to the earnings date, I will continue reducing my position.
The next important meeting is the FOMC in mid-September, and before that I should be fully in cash.
Also, I initially built a position in silver stock AG at 19, and now it has rebounded to 19.4. Gold is also close to rebounding to my previous entry price. I’m still optimistic about a rebound in gold and silver, so I will choose to continue holding. $BTC